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Topic: What is the benefit of cryptocurrency to startup developing and digital nomad ? (Read 152 times)
March 03, 2018, 10:26:42 AM
March 03, 2018, 10:26:05 AM
Instead of the employer in the United States having to pay people in Japan, China, South Africa, Ghana, UK to change his US dollars to several countries taking into consideration the exchange rate of all of these countries and the transaction fees that would be paid. Crypto would stop all of this bureaucracy at a minimal cost.
I think that is quite a minor advantage that can be neglected.
My brother in law send money home via wire and he works in Australia, he send dollars the banks instantly converts them to euros.
The main advantage is avoiding all the taxes you must pay for all the people you want to employ. I remember an article that for every euro you were receiving as wage your employer had to pay 1.6 euros , 60 cents were taxes, health, unemployment , etc.
Plus you can fire them at any point, and in worst cases they don't even get paid at all.
Who is going to sue ?
March 03, 2018, 09:00:10 AM
I observe and found a lot of bounties that support project for startup and a lot of startup employees are digital nomad why they use crypto to develop their project? Thank You
According to Wikipedia Digital Nomads are "Digital nomads are a type of people who use telecommunications technologies to earn a living and, more generally, conduct their life in a nomadic manner.[1] Such workers often work remotely from foreign countries, coffee shops, public libraries, co-working spaces, or recreational vehicles."
How do they use crypto? It means they can have workers spread across the world pursuing a common objective with limited cost and aside that, the have a common currency. Instead of the employer in the United States having to pay people in Japan, China, South Africa, Ghana, UK to change his US dollars to several countries taking into consideration the exchange rate of all of these countries and the transaction fees that would be paid. Crypto would stop all of this bureaucracy at a minimal cost.
March 03, 2018, 08:27:18 AM
I observe and found a lot of bounties that support project for startup and a lot of startup employees are digital nomad why they use crypto to develop their project? Thank You
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